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Hey guys. Its been a month since I started working at a MM M&A advisory firm. Although i've worked on a couple of Deals (WIP), I haven't closed any.

Just wanted to know, how long does it take for one to be a part of an end to end deal, and how long would it take for you to close one? Also, how many deals have you guys worked on, over the course of a year?

Comments (11)

  • GBB_19NHS's picture

    1 month?? come on, in this environment there are people out there that have been without a closed deal in a year. I personally had my first closed deal within 2 months but I joined in a later stage on that deal so most of the work was already done. I might have worked on 6-7 deals in the first year and only 2 of them actually closed.

    "too good to be true"

    See my WSO Blog

  • olafenizer's picture

    Within a month of me starting we closed a deal, but it was pretty much already wrapped up and the only work I did on it was formalities. For a year after that I worked on a number of deals that matured to various stages but all were either stillborn, fell apart later, or were still in progress by the end of the first year.

  • esbanker's picture

    There's no defined time frame and some could be really quick or protracted (+12 months).

    Typically, the m&a deals (sell-side) I've been involved with were broken down into 4 phases:

    -Research, analysis, preparation of marketing materials (4-6 weeks)
    -Buyer outreach and assessment of offers received (4-6 weeks)
    -Due diligence and negotiations (4-6 weeks)
    -Structuring and closing (4-6 weeks)

    All in, we're talking about a 4-6 month process if all goes well and there are no major hiccups involved.

    Hope it helps.

    Capitalist

  • milehigh's picture

    For me, 18 months (had at least 3 other deals fail in that time). It's complete luck of the draw, some people join towards the later stages of a deal (can't say this counts as a full end to end deal as most of the junior banker's work is at the earlier stages). Some people get lucky and are staffed on a pitch their first couple of weeks, engaged immediately and run an accelerated process. I've seen a couple of people on deals like this close them within 6 months of starting.

  • George87's picture

    Signed first deal within 7 months... then it blew up and now hope to close by end of 2012... almost a year later. Sometimes it's luck of the draw, and things outside of your control show up and blow deals up. Worked on 2 during a year + support on other ppl's deals.

  • CompBanker's picture

    I started in June 2007 in MM M&A when the markets were hot. I closed my first deal start-to-finish in April. I was the second analyst in my class to close a deal start to finish, and if I recall correctly, a third analyst closed one the day after I did. I closed my second one start-to-finish in August (these two overlapped). It really ends up being the luck of the draw. Given the market today, don't expect to close a deal start to finish in your first year, but definitely expect at least one in your entire two years.

    CompBanker

  • -caP1taL1sm..'s picture

    "I did it for me...I liked it...I was good at it. And I was really... I was alive."